According to CDFI Fund (U.S. Department of Treasury) a certified Community Development Financial Institution (CDFI) is a specialized financial institution that works in market niches that are underserved by traditional financial institutions. CDFIs provide a unique range of financial products ...
Key principles of microfinance were developed in 2004 by ConsultativeGroup to Assist the Poor (CGAP) and endorsed by the leaders at the G8 Summit onJune 10th, 2004. Among the key principles, are the following: – Poor people need a variety of financial services, not just loans. – Microfin...
This week we published onour website:“OUR MicroLending LLC’s Reg.Aqualification on December 23rd by the Securities and ExchangeCommission (SEC) to sale up to $5,000,000 Unsecured Investment Certificates(Certificates)”.The question is: Why are we doing this? Whichis the purpose of selling t...
Here is a little bit of all that I have heard in the past year; since I started working on the microfinance field there are many concepts and differences one should be able to understand that is confusing, even the regulating organisms have some issues in defining and making differences among the co...
If someone during an elevator ride asked me what Our MicroLending is doing on these days, I have to say MAGIC! Magic because we were born during the biggest economic crisis of this generation, we have been investing when everyone else is in panic; we are selling a product that few people knew and le...